Cazoo Agrees to $7 Billion SPAC Merger
**Cazoo Ltd**. will list in New York after selling itself to hedge-fund founder Dan Och’s blank-check company in a deal valued at $7 billion, turning its back on a potential initial public offering in London.
The combination with special-purpose acquisition company Ajax I will raise about $1.6 billion in proceeds for the company, including $805 million in a cash trust from the SPAC and another $800 million from Ajax’s sponsors, Cazoo said in a statement on Monday. London-based Cazoo will be listed in New York after the deal closes, and Och said he plans to join the company’s board.
**read full article:** [**https://mosttraded.com/2021/03/31/cazoo-spac-merger/**](https://mosttraded.com/2021/03/31/cazoo-spac-merger/)